Ben Butler

Some financial advisers at the ‘‘millionaire’s factory’’, Macquarie Group, cheated on competency exams using a document circulated by management known as the ‘‘Penske File’’, a Fairfax Media investigation reveals.

Glancing up at the sparkling silver doughnut logo as he walked into the millionaires’ factory for a meeting with his Macquarie Private Wealth adviser in July 2009, Don Waller was hopeful that this meeting would be kinder than the last.

The chairman of three ASX-listed companies, Bruce Higgins, has been drawn into a US court case over alleged bribery by red light camera group Redflex, where he formerly served as head of North American operations.

The consumer watchdog has accused big petrol station chains BP, Caltex, Coles, Woolworths and 7-Eleven of using website Informed Sources to co-ordinate fuel prices and says it is concerned the practice led to higher costs to motorists.